You are on page 1of 5

EMPLOYEE PROVIDENT FUNDS

AND
MISCELLANEOUS
PROVISION ACT 1952
INTRODUCTION :An Act to provide for the institution of provident funds, pension fund and
deposit-linked insurance fund for employees in factories and other
establishments.
(1) This Act may be called the Employees‟ Provident Funds and Miscellaneous
Provisions Act, 1952.
(2)It extends to the whole of India except the State of Jammu and Kashmir.
(3)Provided that the Central Government may, after giving not less than two months‟
notice of its intention so to do, by notification in the Official Gazette, apply the
provisions of this Act to any establishment employing such number of persons less
than twenty as may be specified in the notification.
(4)An establishment to which this Act applies shall continue to be governed by this
Act notwithstanding that the number of persons employed therein at any time falls
below twenty

DEFINATION :“Appropriate Government” means (i)

in relation to an establishment belonging to, or under the control of, the Central
Government or in relation to, an establishment connected with a railway company, a
major port, a mine or an oil-filed or a controlled industry or in relation to an
establishment having departments or branches in more than one State, the Central

(ii)

Government: and
(ii) in relation to any other establishment, the State Government:

Invalidation Pension. Family Pension and Deposit Linked Insurance 5) explain various schemes provided under the Employee’s Provident Funds and Miscellaneous Provisions Act 1952 6)describe the constitution and powers of the Central Board under the Act discuss about the constitution of 7)Executive Committee and State Boards under Employee’s Provident Funds and Misc Provision Act 8)explain the duties and powers of Inspector appointed under the Act 9)describe the provisions regarding the question of contribution by the employees and employer under the Act 10)explain the constitution and working procedure of employee’s .OBJECTIVES 1) The Employees’ Provident Fund Scheme 1952 provides for contributory Provident Fund. The Act mainly provides retirement or old age benefits.Widow Pension. 2) The Employees’ Pension Scheme 1995 provides for Monthly Member Pension. 4) The Employee's provident funds and miscellaneous provisions act. Orphan Pension and Nominee Pension. such as Provident Fund. 1952 is enacted to provide a kind of social security to the industrial workers. 3) The Employees’ Deposit-Linked Insurance Scheme 1976 provides for insurance cover to all PF members in the event of their unfortunate death while in service. Superannuation Pension.

so at below any time under section 1(5). even if the number of persons employed therein falls. by notification in the Official Gazette specify in this behalf. iv) Not with standing anything mentioned above as in sub section (1) of Section 16 (Certain establishment statutorily exempt from the applicability of the Act) where it appears to the Central Provident Fund Commissioner. ii) Any establishment which employs 20 or more persons or class of such establishments which the central Government may. iii) After giving not lese than 2 months notice of its intention the Central Government apply the provisions of this Act to any establishment with less than 20 persons in the employment as provided under Section 1(3). . have agreed that the provisions of this Act would be made applicable to the establishment v) An establishment to which this Act applies must continue to be governed by this Act. Central Board Functions :i) The terms and the conditions subject to which a member of the Central Board may be appointed shall be such as may be provided for in the scheme. where as an application made to him in this behalf or otherwise.Scope and applicability of the act :i) The Act applies to every establishment which is a factory engaged in any industry specified in schedule I and in which 20 or more persons are employed. vi) Under Section 4. that the employer and the majority of employees in relation to any establishment. the Central Government by a notification in the official Gazette add any other industry to schedule I and it will apply to any establishment engaged in such industry.

documents and papers and inspect any officers of the Central Board . the Board shall maintain proper accounts of its income and expenditure in such form and in such manner as the Central Government may specify in the scheme after consultation with the comptroller and Auditor General of India. The Constitution of India under "Directive Principles of State Policy" provides that the State shall within the limits of its economic capacity make effective provision for securing the right to work. place and procedure of the meeting of the Central Board shall be such as may be provided for in the scheme. the comptroller and Auditor General of India shall have some rights and privilege and authority in connection with such audit and shall have right to demand the production of books. is a statutory body of the Government of India under the Ministry of Labour and Employment. in such manner as may be specified in the Scheme. iv) It shall perform such other functions as it may be required to perform by or under any provisions of the scheme. accounts connected vouchers. It is one of the largest social security organisations in the world in terms of the number of covered beneficiaries and the volume of financial transactions undertaken. It administers a compulsory contributory Provident Fund Scheme. vi) According to Section 5-A (6) the accounts of the Board shall be audited by the Comptroller and Auditor General of India. iii) Under Section 6-A and 6-B. Conclusion:The Employees' Provident Fund Organisation. v) According to Section 5-A (5). it shall administer the fund. vii) According to sub-section 7. Pension Scheme and an Insurance Scheme. to education and .ii) The time.

sickness & disablement and undeserved want. old-age. .to public assistance in cases of unemployment.